Homebuying competition falls to lowest level in 2 years
Posted on AllSides August 15th, 2022
From The Right
Competition for homes across the nation is easing to levels not seen since the early days of the coronavirus pandemic, according to a recent Redfin report.
In July, 44.3% of home offers from Redfin agents faced competition nationwide, down from 50.9% in June and 63.8% last July, according to a real estate brokerage.
The typical home last month saw 3.5 offers – down from 4.1 offers in June and 5.3 offers last July, according to the data.
July marked the sixth consecutive month that bidding wars eased. It also had...